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Nuveen California Quality Municipal Income Fund
NAC

66 hedge funds and large institutions have $129M invested in Nuveen California Quality Municipal Income Fund in 2017 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 20

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.94% less ownership

Funds ownership: 6.89% → 5.95% (-0.94%)

6% less funds holding

Funds holding: 70 → 66 (-4)

10% less capital invested

Capital invested by funds: $143M → $129M (-$14.2M)

30% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 10

Holders
66
Holders Change
-4
Holders Change %
-5.71%
% of All Funds
1.65%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
7
Increased
22
Reduced
20
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.78M
2
GKWIM
Gerber Kawasaki Wealth & Investment Management
California
+$1.16M
3
DADC
D.A. Davidson & Co
Montana
+$951K
4
SWP
Stratos Wealth Partners
Ohio
+$331K
5
AWM
AE Wealth Management
Kansas
+$328K

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$8.48M
2
LPL Financial
LPL Financial
California
-$6.22M
3
Invesco
Invesco
Georgia
-$2.43M
4
UBS Group
UBS Group
Switzerland
-$2.34M
5
Morgan Stanley
Morgan Stanley
New York
-$1.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
EWA
26
EP Wealth Advisors
California
$609K -$67.2K -4,541 -10%
CIBC Private Wealth Group
27
CIBC Private Wealth Group
Georgia
$557K -$7.05K -477 -1%
CA
28
Cetera Advisors
Colorado
$529K +$59.2K +4,000 +13%
HighTower Advisors
29
HighTower Advisors
Illinois
$511K -$38.3K -2,592 -7%
IFWM
30
Institute for Wealth Management
Colorado
$462K +$456K +30,804 New
LWAC
31
Laurel Wealth Advisors (California)
California
$443K +$15.8K +1,067 +4%
AG
32
Advisor Group
Arizona
$416K +$79.5K +5,378 +24%
B
33
Bailard
California
$406K – – –
NPC
34
National Planning Corporation
California
$390K +$207 +14 +0.1%
SWP
35
Stratos Wealth Partners
Ohio
$336K +$331K +22,352 New
RJFSA
36
Raymond James Financial Services Advisors
Florida
$335K -$2.96K -200 -0.9%
AWM
37
AE Wealth Management
Kansas
$334K +$328K +22,182 New
CIC
38
Cutler Investment Counsel
Oregon
$317K -$7.54K -510 -2%
AL
39
Aspiriant LLC
California
$264K +$33.6K +2,273 +15%
SIA
40
Sit Investment Associates
Minnesota
$260K – – –
Stifel Financial
41
Stifel Financial
Missouri
$254K -$48.7K -3,291 -16%
ACI
42
Alpha Cubed Investments
California
$253K – – –
CCM
43
Coe Capital Management
Illinois
$244K – – –
HCM
44
Hilton Capital Management
New York
$226K – – –
GLA
45
Good Life Advisors
Pennsylvania
$224K – – –
Ameriprise
46
Ameriprise
Minnesota
$221K +$34.5K +2,332 +19%
NL
47
NWAM LLC
Washington
$209K +$205K +13,874 New
MWM
48
Mission Wealth Management
California
$205K -$104K -7,000 -34%
GS
49
Girard Securities
California
$205K – – –
Bank of New York Mellon
50
Bank of New York Mellon
New York
$202K +$199K +13,434 New
1
2
3 4

NAC Hedge Fund Activity: Q2 2017 in Review

66 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Nuveen California Quality Municipal Income Fund (NAC) for Q2 2017, worth a combined $129M — down 9.9% from $143M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of NAC and 7 opened new positions — a net loss of 3 holders — while 20 trimmed existing stakes and 22 added.

The largest buyer was Bank of America, adding an estimated $1.78M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $8.48M sold.

  • 66 institutional investors held Nuveen California Quality Municipal Income Fund (NAC) as of Q2 2017, down from 70 in Q1 2017.
  • Funds reported $129M of Nuveen California Quality Municipal Income Fund stock for Q2 2017, down 9.9% quarter-over-quarter.
  • 7 funds opened new Nuveen California Quality Municipal Income Fund positions in Q2 2017 and 10 closed out, a net change of -3 holders.
  • The largest Nuveen California Quality Municipal Income Fund buyer in Q2 2017 was Bank of America, an estimated $1.78M added.
  • The largest Nuveen California Quality Municipal Income Fund seller in Q2 2017 was Laurion Capital Management, an estimated $8.48M sold.

Based on aggregated 13F filings for Q2 2017.